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Deposition Transcripts · Segments · #2278
id
2278
deposition id
4
segment index
24
speaker
SPEAKER_03
start seconds
619.9
end seconds
662.24
text
Based on my experience and conversations with financial officers for family offices, the use of limited liability companies by wealthy individuals to hold assets such as real estate or major assets like airplanes and helicopters is completely standard practice. I had no role in setting up any of Epstein's companies, but did not view them as improper or suspicious. Like all expenditures, we tried to closely track the use of cash at Epstein's properties, and where backup was missing, we treated cash and other expenditures as gifts by Epstein and reported them.